Hard money loans aid when popular cohousing investments come on the market
When it comes to investing in real estate, traditional multiunit and single family housing aren’t the only options on the market.
Cohousing communities – or “intentional communities” – offer both alternative real estate investment opportunities and lifestyles.
Every cohousing development has its own unique character and energy, but all promote communal living. Residents of these planned residential communities benefit from social interaction and teamwork, support of common values and interests, and shared costs associated with home ownership. Popular Portland cohousing communities typically feature individually owned housing units enhanced with sustainable features, and a lifestyle that encourages active engagement with other community dwellers, from work parties to social events to decision making.
“Cohousing is the longest and most expensive personal growth workshop you will ever take,” says advocate Zev Paiss. “But you end up with a very nice home in a great neighborhood.”
If there’s any question of Portland’s cohousing’s appeal, a recent vacancy in one of the city’s collaborative communities was purchased within two weeks of going on the market.
Have your cohousing financing at the ready with a hard money loan
It will pay to be prepared if you’re interested in investing in an intentional community and the alternative lifestyle it offers. At Gregory M. Russell, we’re all about “alternative” financing. Our team helps investors with equity loan options when other conventional lenders don’t come through. Give us a call to learn more about our fast, convenient loan services at 1-888-477-0444.